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Coal shipments rise despite new export rule
New Indonesian coal export rules had little impact in October, the first month they were in effect, as shipments from the worldâs top thermal coal exporter increased 9
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ew Indonesian coal export rules had little impact in October, the first month they were in effect, as shipments from the world's top thermal coal exporter increased 9.8 percent on the year, a mining ministry official said.
Industry had warned that exports could fall by up to 20 percent in October and 5 percent this year as firms scrambled to obtain government export permits to comply with new rules from Oct. 1, designed to stamp out illegal mining and ensure ample domestic supplies, Reuters reported.
Indonesia's coal exports in October hit 31.4 million tons, up from 25.7 million in September and 28.6 million in October 2013, government data showed.
'The registered exporter requirement has not had much of an impact on monthly output,' Bambang Tjahjono Setiabudi, the ministry's coal mining director, told reporters on Monday.
His office has now provided recommendations for export registration for 220 firms, he said.
Production declined, however, by 15.9 percent to 29.7 million tons in October from 35.3 million in October 2013.
